Charming Spanish fourplex in the desirable Beverly Center/ Miracle mile area. The building consists of four two bedroom, one bath apartments. One unit delivered vacant. Private garages for each unit. Numerous upgrades to all units while keeping the character and charm with arched ceilings and great layouts. Hard wood floors, Laundry in all units, individually metered, Granite counters and stainless steel appliances remodeled units with potential to increase income to $156, 000. Current Net Income $101, 664 with CAP of 4.8 and GRM of 15. Great owner user or Impressive Investor rental in highly desirable area 2 minutes to LACMA and 7 to drive to Beverly Hills.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Heating and Cooling
Land Info
- Lot Size Acres: 0.1581267
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 6888
Garage and Parking
- Garage Description: Garage, Private Garage
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 4
- Unit Type: 4-plex
- Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 3500, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3500, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3500, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 3500
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 4.84
- Directions: South of Pico, East of Fairfax
- Source Property Type: Residential Income
- Area: Mid Los Angeles
- Source Neighborhood: Mid Los Angeles
- Parcel Number: 5068-023-003
- Postal Code Plus 4: 4950
- Zoning: LAR3
- Source System Name: C2C
Commercial Info
- Net Operating Income: 101664
Building and Construction
- Total Square Feet Living: 4106
- Year Built: 1928
- Levels: Two Level
- Living Area Source: Vendor Enhanced
- Property Age: 96
- Year Built Source: Vendor Enhanced
Utilities
Home Features
- Other Equipment: Dishwasher, Ceiling Fan, Microwave, Ice Maker